# Rabobank: Australia's grain harvest outlook better than expected

> Rabobank says Australia's 2026-27 grain and oilseed output could beat earlier expectations, at 63 million tonnes. That would be 8% below last year's strong harvest, which set records for barley and canola. Australian SPI futures for January 2027 and 2028 have fallen, though by less than CBOT contracts.

- Date: 2026-11-05 · published 2026-11-05T03:14:41.794Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/81097-rabobank-australia-s-grain-harvest-outlook-better-than-expected
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A larger-than-expected Australian crop adds to global supply and weighs on wheat and barley prices. Rabobank sees improving global grain supply as a downward pressure on prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-11-24 | [Big Australia wheat, barley harvests expected \| World Grain](https://feedsoft.ai/events/21920-big-australia-wheat-barley-harvests-expected-world-grain.md) | +0.9% | -0.0% |
| WHEAT | 2026-10-13 | [Australia’s winter harvest forecast ‘large but lower’ – Rabobank](https://feedsoft.ai/events/17071-australia-s-winter-harvest-forecast-large-but-lower-rabobank.md) | -0.4% | — |
| WHEAT | 2024-07-08 | [Larger planted area must enhance Australia's wheat harvest, Rabobank says](https://feedsoft.ai/events/29197-larger-planted-area-must-enhance-australia-s-wheat-harvest-rabobank-says.md) | +8.2% | +1.0% |
| WHEAT | 2023-04-03 | [South Australia’s grain harvest rises by 51%   - Milling Midd ...](https://feedsoft.ai/events/36370-south-australia-s-grain-harvest-rises-by-51-milling-midd.md) | -13.2% | -13.6% |
| WHEAT | 2024-11-22 | [Wheat yields in Western Australia are better than expected, industry body says - AgCanada](https://feedsoft.ai/events/27362-wheat-yields-in-western-australia-are-better-than-expected-industry-body-says.md) | -0.2% | +0.2% |

## Sources

- cj.sina.com.cn: https://cj.sina.com.cn/articles/view/5115326071/130e5ae7702003428u?finpagefr=p_104

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.